FPL proposes lower 2027 bills

Florida Power & Light has proposed a slight decrease in average monthly electricity bills for residential customers starting in January 2027. The utility announced on Friday that it wants state regulators to set the standard rate at $141.87 per month. This figure is $1.18 lower than the rate approved in the 2025 settlement with the state Public Service Commission.

The proposed rate assumes a typical usage of 1,000 kilowatt hours per month. FPL President and CEO Scott Bores said the reduction reflects the company's modern generation fleet and efficiency efforts. Bores stated that these factors are helping keep 2027 bills lower than projected last year, even as the company recovers costs from Hurricane Isaias.

FPL is the largest utility in Florida, serving nearly 6.13 million homes and businesses across 41 counties. The company serves approximately 12 million people. The utility attributed the lower rates to long-term investments, disciplined operations, and lower projected natural gas costs.

The rate reduction is designed to offset a proposed temporary surcharge of $3.48 per month. This fee applies to every 1,000 kilowatt hours of use. FPL says it needs this money to restore power after Hurricane Isaias and to replenish its storm reserve. If approved by the PSC, this surcharge would appear on bills from January through December 2027.

Hurricane Isaias made landfall near Destin on October 9 as a Category 2 system. The storm knocked out power to about 84 percent of FPL customers in northwest Florida. The company mobilized approximately 17,000 workers who restored service where possible within four days.

FPL claims its investments in smart-grid technology prevented roughly 138,000 outages during the hurricane. Underground neighborhood power lines performed about 14 times better than overhead lines. The company’s forensic investigation has not found a single hardened pole that failed during the storm.

When the current settlement was finalized in October 2025, the Office of Public Counsel estimated that cumulative increases over four years could reach about $6.9 billion. That agreement projected base-rate increases of $945 million in 2026 and $705 million in 2027.